quinta-feira, 28 de fevereiro de 2019

Waste Management installs geo-tracking cameras on trucks

Waste Management has rolled out new software that enables drivers to photograph the contents inside trash containers during their routine collection.

The trucks are equipped with geo-

tagging cameras that have Global Positioning System capabilities that will be able to track people that are not sorting their trash and recyclables correctly.

Two years ago Waste Management unveiled its ‘Recycle Right or Lose the Right” program, which was meant to educate customers on sorting trash.

Since launching the program, Waste Management has charged customers who have been contaminating and overloading their trash containers.

Prior to installing cameras, Waste Management drivers used a system that connected to a tablet but required drivers to stop and take pictures of canisters, which slowed down the time they spent on their routes.

By overhauling that program and adding cameras to trucks, drivers can maintain their scheduled hours and their routes without having to stop and take pictures of containers.

More recently, Waste Management is seen a rise in the overflow of containers, according to Joe Cadelago, a community relations manager at Waste Management.

“Right now a lot of our concern is spill-out from commercial properties. We are working with code enforcement to educate customers on the right size containers for their businesses, but we are seeing routes where garbage is littering the street,” Cadelago said.

The biggest offenders are commercial properties, but illegal dumping has complicated the issue.

“We work with code enforcement, law enforcement, and the business owners, but there is not much we can do except report the places that are known to have illegal dumping," Cadelago said.

Unless businesses install cameras there is not a way to track illegal dumpers. Illegal dumping, which has caused a safety concern for truck drivers that have to carry the extra weight.

“When canisters are overflowing, that means the trucks overflow as well, and this becomes a safety issue because we have had trucks catch on fire due to overfill,” said Cadelago, explaining that trucks can catch on fire when the trash compactor is suppressed under the weight of the trash.

“When containers overflow we send out notices to business or residents and give them the information to our customer service department, so they can order larger bins, which helps us to determine how much waste is to be collected,” Cadelago said.

Overfill is not the only reason Waste Management has added cameras to trucks.

“In terms of contamination, we regularly send messages to customers about what is acceptable and what is not,” communications specialist Paul Rosynsky said.

In one incident, a resident placed five dead goats in their recycling container, according to Rosynsky.

“People are throwing away chemical contaminants and biohazardous waste,” Cadelago said. “Those contaminants cannot be thrown out in regular trash bins.”

Another major concern for Waste Management has been the use of plastic bags to bundle recycling. Rosynsky stated that customers have been encouraged to loosely place their recyclables in their containers.

Waste Management is hoping that the use of cameras will help pinpoint and reduce both container spill-out and contamination. You can learn more about the cameras and how to filter your trash correctly on the Waste Management website at www.sanjoaquinvalley. wm.com.

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Waste Management (WM) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Waste Management (WM) closed at $99.30, marking a -0.43% move from the previous day. This change lagged the S&P 500's daily gain of 0.12%. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq added 0.36%.

Prior to today's trading, shares of the garbage and recycling hauler had gained 5.63% over the past month. This has lagged the Business Services sector's gain of 8.64% and the S&P 500's gain of 6.17% in that time.

Wall Street will be looking for positivity from WM as it approaches its next earnings report date. In that report, analysts expect WM to post earnings of $0.93 per share. This would mark year-over-year growth of 2.2%. Our most recent consensus estimate is calling for quarterly revenue of $3.69 billion, up 5.11% from the year-ago period.

WM's full-year Zacks Consensus Estimates are calling for earnings of $4.40 per share and revenue of $15.62 billion. These results would represent year-over-year changes of +4.76% and +4.71%, respectively.

Any recent changes to analyst estimates for WM should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.27% lower. WM is currently sporting a Zacks Rank of #3 (Hold).

Investors should also note WM's current valuation metrics, including its Forward P/E ratio of 22.67. Its industry sports an average Forward P/E of 25.02, so we one might conclude that WM is trading at a discount comparatively.

We can also see that WM currently has a PEG ratio of 2.45. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Waste Removal Services industry currently had an average PEG ratio of 2.34 as of yesterday's close.

The Waste Removal Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 32% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Waste Management, Inc. (WM) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

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quarta-feira, 27 de fevereiro de 2019

Hotel Waste Management: How to Make It More Efficient

The hospitality industry is one of the business niches that is accounted for the most waste generated all over the world. From an operational point of view, it shouldn't surprise anyone, since guests tend to spend resources at a high rate, while hotels need to keep their spaces clean 24 hours seven days a week. While not much thought was given to this problem in the past, today's corporate green initiatives and constantly evolving green technologies have made waste management an important aspect of the hotel industry. Let's analyse the effective ways of streamlining waste management in hotels.

Modify operational habits

The daily operation of your hotel provides you with an excellent testing ground for some of the waste management techniques. Reducing the amount of waste begins with modifying small things, such as switching to refillable dispensers for cleaning products in every room. Using china and dishware to serve meals instead of disposable plates not only elevates your hospitality style but also reduces the waste. Instead of selling bottled water, install water filters on every floor, and avoid paper products other than toilet paper in the bathrooms. Using LED bulbs instead of regular ones automatically means fewer replacements since LED bulbs last up to 10 times longer.

Adopt waste classification

Besides changing the operational habits, classification of waste is probably the most important phase directed to better waste management. The recycling principles are based on preventive measures that include minimizing waste, reusing what can be reused, recovery of useful materials and the way the actual waste is disposed of. Your hotel staff should learn all of these steps as a policy you enforce to reduce the pointless use or resources. Whatever you invest in waste classification and recycling, will return with an interest in the long run.

One size doesn't fit all

For a long time, I've used to deposit the hotel waste in municipal dumpsters which didn't always suit the purpose. The amount of waste generated in hotel industry varies, and on some days the amount equals the whole week. It's become clear to me that standard rubbish removal service is highly inefficient for hotels, and I've started looking for an alternative, a private waste removal contractor with the capacity and manpower to remove the waste as soon as it accumulates. For instance, these guys offering skip bins in Hawkesbury have special containers in different sizes, which lets you choose the ideal capacity for your hotel business.

Re-evaluate disposal habits

At a time, waste disposal was based on sending the generated waste to landfills, where it was incinerated or compacted by rubbish disposal companies. These days, however, you can take an active role in managing at least some part of the process. Since food waste is a single largest waste stream in a hotel, invest in food composters and reduce the binned waste generated by food leftovers. On the other hand, if your hotel business generates a lot of solid waste, purchase a waste compactor and make the rubbish disposal more cost-effective by using smaller skip bins or having them removed fewer times a week.

Make some profit out of it

While not many business owners and hotel managers are aware of this, you can sell your generated waste for profit, provided that you follow the basic rules for recycling certain types of material such as PET, paper, aluminium or glass. Contact local companies that use those types of waste and see if they can solve your problem while you're solving theirs. If you succeed in making it a sustainable project, what training your employees received in waste management will pay off even sooner.

The measures taken by hospitality operators and property managers are mostly centred on changing certain habits of hotel employees. On the other hand, micro investments such as reusable dishware, more efficient dispensers, and longer-lasting expendables are changing the way hotels provide certain services. For some hotel managers, waste disposal has even become an opportunity instead of a nuance. If you are willing to do some research on the recyclable materials in demand in your area and have the manpower and logistics to realise it, you can even make some profit out of your waste.

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The Smart Waste Management market is scaling rapidly each year available in new report

Smart Waste Management System market, which is designed to collect data and to deliver the data through wireless mesh network.

Total approaches are used to validate the global Smart Waste Management System market size market and estimate the market size for manufacturers, regions segments, product segments and applications.

Download PDF Sample of Smart Waste Management Market report @ www.arcognizance.com/enquiry-sample/238449

The market estimations in this report are based on the marketed sale price of Smart Waste Management System. The percentage splits, Market Share, and breakdowns of the product segments are derived on the basis of weightages assigned to each of the segments on the basis of their utilization rate and average sale price.

The regional splits of the overall Smart Waste Management System market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major players in the market are identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives.

The percentage splits, Market Share (%)s, growth rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast.

This data is combined and added with detailed inputs and analysis from QYResearch and presented in this report.

The global Smart Waste Management market is valued at 8 million US$ in 2018 is expected to reach 27 million US$ by the end of 2025, growing at a CAGR of 17.0% during 2019-2025.This report focuses on Smart Waste Management volume and value at global level, regional level and company level. From a global perspective, this report represents overall Smart Waste Management market size by analyzing historical data and future prospect.

Regionally, this report focuses on several key regions: North America, Europe, China and Japan.At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

Brief about Smart Waste Management Market Report with TOC@ http://www.arcognizance.com/report/2019-global-smart-waste-management-market-research-report-with-industry-forecast-2025-and-outlook

The following manufacturers are covered: Bigbelly SolarOnePlus SystemsCompologyEnevoSmartBinUrbioticaIoTsens...Segment by Regions North AmericaEuropeChinaJapan

Segment by Type HardwareService

Segment by Application Public OccasionNon-Public Occasion

 Access The Report @ http://www.arcognizance.com/purchase/238449

Some Points from TOC:

Chapter One: Smart Waste Management Market Overview 1.1 Product Overview and Scope of Smart Waste Management1.2 Smart Waste Management Segment by Type1.2.1 Global Smart Waste Management Production Growth Rate Comparison by Type (2014-2025)1.2.2 Hardware1.2.3 Service1.3 Smart Waste Management Segment by Application1.3.1 Smart Waste Management Consumption Comparison by Application (2014-2025)1.3.2 Public Occasion1.3.3 Non-Public Occasion1.3 Global Smart Waste Management Market by Region1.3.1 Global Smart Waste Management Market Size Region1.3.2 North America Status and Prospect (2014-2025)1.3.3 Europe Status and Prospect (2014-2025)1.3.4 China Status and Prospect (2014-2025)1.3.5 Japan Status and Prospect (2014-2025)1.3.6 Southeast Asia Status and Prospect (2014-2025)1.3.7 India Status and Prospect (2014-2025)1.4 Global Smart Waste Management Market Size1.4.1 Global Smart Waste Management Revenue (2014-2025)1.4.2 Global Smart Waste Management Production (2014-2025)

Chapter Two: Global Smart Waste Management Market Competition by Manufacturers 2.1 Global Smart Waste Management Production Market Share by Manufacturers (2014-2019)2.2 Global Smart Waste Management Revenue Share by Manufacturers (2014-2019)2.3 Global Smart Waste Management Average Price by Manufacturers (2014-2019)2.4 Manufacturers Smart Waste Management Production Sites, Area Served, Product Types2.5 Smart Waste Management Market Competitive Situation and Trends2.5.1 Smart Waste Management Market Concentration Rate2.5.2 Smart Waste Management Market Share of Top 3 and Top 5 Manufacturers2.5.3 Mergers & Acquisitions, Expansion

Chapter Three: Global Smart Waste Management Production Market Share by Regions 3.1 Global Smart Waste Management Production Market Share by Regions3.2 Global Smart Waste Management Revenue Market Share by Regions (2014-2019)3.3 Global Smart Waste Management Production, Revenue, Price and Gross Margin (2014-2019)3.4 North America Smart Waste Management Production3.4.1 North America Smart Waste Management Production Growth Rate (2014-2019)3.4.2 North America Smart Waste Management Production, Revenue, Price and Gross Margin (2014-2019)3.5 Europe Smart Waste Management Production3.5.1 Europe Smart Waste Management Production Growth Rate (2014-2019)3.5.2 Europe Smart Waste Management Production, Revenue, Price and Gross Margin (2014-2019)3.6 China Smart Waste Management Production (2014-2019)3.6.1 China Smart Waste Management Production Growth Rate (2014-2019)3.6.2 China Smart Waste Management Production, Revenue, Price and Gross Margin (2014-2019)3.7 Japan Smart Waste Management Pro duction (2014-2019)3.7.1 Japan Smart Waste Management Production Growth Rate (2014-2019)3.7.2 Japan Smart Waste Management Production, Revenue, Price and Gross Margin (2014-2019)

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terça-feira, 26 de fevereiro de 2019

segunda-feira, 25 de fevereiro de 2019

Nuclear Waste Management System market trends detailed in new research report

The Nuclear Waste Management System Market Research Report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers and the current and future trends.

The report presents key information and data related to the Global Nuclear Waste Management System Market in a meticulous and easily understandable manner. It provides accurate market figures and forecasts that have been calculated with the use of advanced primary and secondary research techniques.

It includes deep segmental analysis of the global Nuclear Waste Management System market where the main focus is on segments by product and application. It also offers a detailed analysis of the regional growth of the global Nuclear Waste Management System market, taking into consideration important market opportunities available across the world.

Even the vendor landscape is highly focused upon with comprehensive profiling of leading companies operating in the global Nuclear Waste Management System market.

The research study includes great insights about critical market dynamics, including drivers, restraints, trends, and opportunities. It also includes various types of market analysis such as competitive analysis, manufacturing cost analysis, manufacturing process analysis, price analysis, and analysis of market influence factors.

It is a complete study on the global Nuclear Waste Management System market that can be used as a set of effective guidelines for ensuring strong growth in the coming years. It caters to all types of interested parties, viz.

stakeholders, market participants, investors, market researchers, and other individuals associated with the Nuclear Waste Management System business.

Request a PDF Template of this highly demanded report at: www.qyresearch.com/sample-form/for…amp-opportunities

Market Players

Qualitative Analysis

Our analysts have concentrated on important subjects as part of the qualitative analysis provided in the report, such as regulatory and policy scenarios, component benchmarking, PESTEL analysis, Porter's Five Forces analysis, technology landscape, key market issues, and industry landscape and trends.

Quantitative Analysis

For quantitative analysis, the authors of the report have emphasized on global market revenue forecasts, regional market revenue estimates, and other factors.

Regional Market Analysis

This is one of the most valuable portions of the research study that helps readers to gain a quick understanding of the advancement of the global Nuclear Waste Management System market in different parts of the world. The regional analysis provided in the report can be a powerful tool that market players can use to increase their presence in the global Nuclear Waste Management System market.

Each geographical market studied in the report is analyzed on the basis of crucial factors such as gross margin, market share, production, price, consumption, and CAGR.

Data Collection Matrix

We looked for primary and secondary sources from both the supply and demand sides of the global Nuclear Waste Management System market for collecting data and information to prepare this encyclopedic research study. From the supply side, our primary sources were technology distributors and wholesalers and manufacturers, whereas our secondary sources were economic and demographic data reports, independent investigations, government publications, and company publications and reports.

From the demand side, we relied on mystery shopping, consumer surveys, and end-user surveys for primary research and reference customers and case studies for secondary research.

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Market Forecasting

For long-term market forecasting, our researchers used technological market models, whereas econometric models were used for short-term market forecasting. These models are basically based on an amalgamation of studies related to business principles, economic outlook, regulatory frameworks, and technology landscape.

We used a bottom-up approach for market estimation to ensure minimum errors. Use of a bottom-up approach is also critical for providing a deep understanding of the concerned industry.

We considered the following parameters for market forecasting. The market impact of these parameters was quantified and assigned weights to with the help of weighted average analysis.

  • Current capacity and expected capacity additions up to 2025
  • Expected developments and regulatory scenarios
  • Supply versus price trends and raw material scenarios
  • Current and expected impact of market drivers and restraints
  • Competitive Analysis

    Our researchers have taken into account significant aspects of the vendor landscape such as strategy framework, company market positioning, and competitive environment for providing detailed competitive analysis of the global Nuclear Waste Management System market. For company profiling, they considered strategic initiatives, product benchmarking, and financial performance of players included for research study.

    Table of Contents

    Overview: Includes product scope, highlights of segmental analysis, and market size forecast.

    Competition: Includes production, revenue, and average price shares by manufacturers and sheds light on competitive situations and trends.

    Regional Production: Focuses on production, revenue, price, and gross margin of regional markets.

    Consumption: Focuses on regional consumption in different parts of the world.

    Research Findings and Conclusion: Tells what the analysts make of this research study and the global Nuclear Waste Management System market and includes valuable suggestions for achieving market success.

    Read full description of Report with TOC at: https://www.qyresearch.com/index/detail/930387/global-nuclear-waste-management-system-competition-forecast-amp%3B-opportunities

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    quinta-feira, 21 de fevereiro de 2019

    Drilling Waste Management Market Along With The Industry Growth Factors, Trends And Foresight Upto 2028

    Feb 20, 2019 (WiredRelease via COMTEX) -- Drilling waste management addresses waste management during various stages of drilling which includes waste management, treatment, and disposal. Drilling generates large amounts of spent mud and drill cuttings. Drilling waste management takes systematic approach for management of this waste. This system helps to maintain environmental parameter intact without disturbing efficiency of drilling. Drilling waste management can be divide into onshore drilling and offshore drilling. Drilling waste management is processed on onsite or offsite at the commercial waste management facility.

    The Objective of the "Global Drilling Waste Management Market" report is to depict the trends and upcoming for the Drilling Waste Management industry over the forecast years. Drilling Waste Management Market report data has been gathered from industry specialist/experts. Although the market size of the market is studied and predicted from 2019 to 2028 mulling over 2016 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

    Stringent government rules and regulations regarding waste management in various countries in order to avoid its adverse effects on environment is a major factor expected to drive growth of the global drilling waste management market. Large exploration and production activities, coupled with use of oil for various applications are also anticipated to bolster growth of the global market. Growing ecological concerns and rising awareness regarding environmental effects of water and land pollution caused by improper drilling waste management is expected to fuel growth of the target market.

    Detailed investigation of market beneficial in understanding the in-depth market vision and future plans. The information collected from various magazines, yearly reports, internet sources, and journals are confirmed by conducting face-to-face or telephonic interviews with the Drilling Waste Management industry specialist.

    Free Sample Report for More Insights at: https://marketresearch.biz/report/drilling-waste-management-market/request-sample

    Worldwide Drilling Waste Management market autopsy:

    Depending upon the influence, the company profiles of all key manufacturers, their establishment year, regional market for marketing and sales, products and services serves as well as the contact details are offer in this research report.

    Major Drilling Waste Management market players covers by this research report are: Schlumberger Limited, National Oilwell Varco Inc, Weatherford International plc, TWMA Group Ltd, Xi'an Kosun Machinery Co Ltd, Ridgeline Energy Services Inc, Soli-Bond Inc, General Electric Company (Baker Hughes), Scomi Group Bhd and Halliburton Company.

    Drilling Waste Management market segregation:

    Segmentation by Service: Treatment & Disposal, Containment & Handling, Solid Control. Segmentation by Application: Offshore, Onshore

    Leading regions of Drilling Waste Management market:

    Currently, market in Europe accounted for major share in terms of revenue, followed by Asia Pacific. Growing construction sector and exploration activities are some of the factors supporting growth of the target market in the Asia Pacific. Market in North America is expected to contribute share in terms of revenue in the global market over the forecast period. Increasing drilling activities especially for shell gas in US is supporting growth of the target market in North America.

    Queries Enquire Full Exploration of Drilling Waste Management Market: https://marketresearch.biz/report/drilling-waste-management-market/#inquiry

    Crucial points offered in this Drilling Waste Management research report:

    -- Drilling Waste Management research offers companies list that is finding the inorganic extension.

    -- Shows distinct impending relation and ingrained contracts between key vendors and raw material suppliers and distributors.

    -- Success and advancement factors of Drilling Waste Management industry are served in this research report.

    -- Proficient SWOT (Strengths, Weaknesses, Opportunities, and Threats) and PESTEL (Political, Economic, Social, Technological, Environmental and Legal) study is ultimate.

    -- Product capacity, import/send-out detail, supply-chain study, forecast planning and approaches, gross margin, and different technological advancement of top manufacturers are cited in this research report.

    Other Related Reports:

    Acoustic Wave Sensor MarketMorphine MarketChildren's Bicycle MarketComposite Decking and Railing MarketDrogue Parachutes MarketSalt Substitutes Market

    continue reading Drilling Waste Management Market Along With The Industry Growth Factors, Trends And Foresight Upto 2028

    quarta-feira, 20 de fevereiro de 2019

    Exemplary waste management on Bagmati riverside

    a screenshot of a social media post © Provided by My Republica (via HT Media Ltd.)

    KATHMANDU, Feb. 20 -- When the passersby look at the Bagmati River from the Shantinagar Bridge, all that they can see is a huge pile of solid waste being swept away by a brown colored river. The residents of the capital, who take the river for granted, have been disposing of their waste, - biodegradable as well as non-biodegradable - in the river for decades. As a result, the river has become synonymous with pollution.

    However, the river, which is considered sacred by Hindus, is not polluted to such an extent everywhere in its 44 km stretch in the Kathmandu Valley. A community of people living beside a seven kilometers section of the river has set an example of effective waste management for all the residents of the riverbanks.

    For the last few years, the residents of the area along the seven kilometers stretch of Bagmati from Gokarna to Tilganga in the coordination of Bagmati Beautification Concern Forum (BBCP) have set up an example for the management of both the types of solid waste to keep the river clean.

    Officials from the BBCP claim that it is not the river that they are trying to clean but with it the negative mentality of the people towards the river. "Our goal is not just to clean up the river," coordinator of BBCP Uttam Pudasaini said, "We are trying to use Bagmati as a medium to clean the mindset of the people."

    He added that the community in the area is so effectively mobilized for the clean up that they are now committed to neither throw any waste in the river nor let anyone do so. As a result, the seven km part of the river now looks entirely different from various parts downstream the river. It is very rare to find waste (if any) in the river in the section.

    Of the community on the Bagmati river basin in the seven km section, the locals of Gokarneshwar Municipality have been the most proactive in managing their solid waste. Various Area Improvement Committees in coordination with BBCP has provided 965 compost bins to the locals of this area.

    Shova Shrestha, a local of Makalbari, said that it has become very easy to produce manure for her kitchen garden since she bought the compost bin. "With the use of the EM mixture, I was able to ready manure for my kitchen garden in two months," she said, "In addition, it is very satisfying to realize that my household waste is of use."

    According to the coordinator of Makalbari Area Improvement Committee (MAIC) Binit Raj Aryal, the compost bins which come handy to change the biodegradable waste from households to manure were distributed to the locals at Rs 1,700 each. The same bin costs Rs 3000 in retail. In addition, the MAIC also distributes Effective Microorganism (EM) mixture for catalyzing the decay process of the degradable waste. Till date, 80 compost bins have been distributed in Makalbari alone.

    Published by HT Digital Content Services with permission from Republica.

    continue reading Exemplary waste management on Bagmati riverside

    terça-feira, 19 de fevereiro de 2019

    Bill Gates Bought Up More Waste Management Stock

    Photograph by Lintao Zhang/Getty Images

    Text size

    Bill Gates has signaled that he may be in Waste Management (ticker: WM) stock for the long haul.

    His investment vehicle Cascade Investment LLC bought 1.22 million more shares of the trash and recycling firm in 2018. The disclosure was made in a form Cascade filed to the Securities and Exchange Commission Wednesday night. As of Dec. 31, Gates's firm owned 14.5 million Waste Management shares, up from 13.3 million shares at the end of 2015.

    Cascade didn't respond to a request for comment on the transaction.

    When, exactly, Cascade bought the additional Waste Management shares is unclear. Apparently, Cascade could have bought the stock at any point in 2018, as SEC guidelines only provide for an amended filing within 45 days after the end of a calendar year to report changes in holdings.

    Waste Management stock had a lackluster 2018, only bagging a 3% gain. But shares have gone through a renewal this year. Waste Management stock has surged 12.4% year to date to $100 in intraday trading Thursday, helped by strong earnings. That is a new high for the stock price.

    Gates, a co-founder of Microsoft (MSFT), along with his wife Melinda Gates, also own Waste Management stock through the Bill & Melinda Gates Foundation Trust, which they serve as co-trustees. At Dec. 31, the trust owned 18.6 million Waste Management shares, a figure unchanged from the end of 2015. Overall, Bill Gates owns 33.1 million shares, a stake of 7.8% in Waste Management.

    Write to Ed Lin at edward.lin@barrons.com and follow @BarronsEdLin.

    continue reading Bill Gates Bought Up More Waste Management Stock

    domingo, 17 de fevereiro de 2019

    Waste Management announces 2018 earnings

    City officials in Tacoma, Washington, announced several proposals to change its recycling program. The city currently offers curbside recycling service to residents, multifamily tenants and commercial customers. However, the city reports in a news release that "the majority of Tacoma's recyclables are sold overseas, mainly in Asia, where countries have adopted strict policies regarding material quality. Materials that do not meet the requirements are rejected." As a result of these policies, the city is facing "increased costs to maintain its recycling program" and is looking to change by June 2019.  

    Lewis Griffith, division manager at Solid Waste Management, adds that the city has been "actively studying, analyzing and evaluating the impacts China's actions would have on [the city's] local recycling programs [and that] the impacts are resulting in a loss of recycling revenue and an increase in cost to the utility to get recyclables to market." 

    According to a city news release, city officials offered four proposals for changes to the city's recycling program:

    • Limited recycling: features additional 3 percent (about $1.33 per month average) residential rate increase for additional landfill costs; eliminate curbside recycling; and two satellite drop-off recycling centers.

    • Partial recycling: features a $2.40 recycle surcharge per month; eliminate curbside glass recycling; and provide satellite glass boxes or recycle stations.

    • Maintain full curbside recycling: features a $3 recycle surcharge per month; and remove problem items from commingled recycling list.

    • Maintain full recycling plus: features a $4 recycle surcharge per month; remove problem items from commingled recycling list; provide satellite glass boxes or recycle stations; and increased education on recycling.

    The city reports that both the limited recycling and the partial recycling options may require households to increase their garbage container size, depending on the amount of waste produced. This would also result in higher monthly garbage bills. 

    In December 2018, the city began community outreach efforts and engagement plans to gather feedback for the city council on proposed changes. According to a city news release, city officials are continuing to host focus groups and community engagement events to gauge insight on which proposal may fit best. The city is also offering recycling feedback surveys until March 15, 2019, with plans of rolling out a new program in June.  

    continue reading Waste Management announces 2018 earnings

    sábado, 16 de fevereiro de 2019

    Radioactive waste disposal and storage bill passes in Senate

    BISMARCK, N.D. - A Senate bill putting more restrictions on radioactive waste disposal and storage in North Dakota passed in the Senate.

    An amendment to the bill added one definition to make it more specific to the high level radioactive waste, rather than the low level of radiation that naturally occurs. It will allow the industrial commission to investigate and penalize any person or company that violates the rule.

    "We also added amendment to add two members from the legislature. This council will be reviewing the site proposals and issuing an approval or disapproval to the legislature or industrial commission," said Sen. Jim Roers, R-Fargo.

    The Senate passed the bill 42-3 and it will go to the House to be voted on.

    continue reading Radioactive waste disposal and storage bill passes in Senate

    sexta-feira, 15 de fevereiro de 2019

    Waste Connections, Waste Management Deliver Q4 Results, 2019 Outlook

    Waste Connections and Waste Management reported their fourth quarter 2018 results, overall year-end results for 2018 and provided their respective business outlooks for 2019 during calls with investors on February 14. Here are key highlights from both of those calls.

    Despite Recycling Headwinds, Waste Connections' Q4 Exceeds Expectations

    Toronto-based Waste Connections Inc. announced its results for the fourth quarter of 2018 and provided its outlook for 2019. Despite recycling headwinds, revenue for the fourth quarter totaled $1.262 billion, up from $1.157 billion in the prior year period.

    "2018 finished on a high note, as financial results for the fourth quarter exceeded expectations on better-than-expected solid waste organic growth, E&P waste activity and acquisition contribution," said Ronald J. Mittelstaedt, chairman and CEO of Waste Connections, in a statement. "We are also extremely pleased with our results for the full year, as adjusted EBITDA as a percent of revenue expanded 30 basis points and adjusted free cash flow increased 15.2 percent. Increases in both solid waste pricing growth, which was up 130 basis points year-over-year to 4.5 percent, and E&P waste activity enabled us to overcome the precipitous decline in recycled commodity values and certain cost pressures noted during the year. The strength of these results continues to reflect the benefits of our purposeful culture, differentiated strategy and disciplined execution."

    "2018 was also noteworthy for the continuing elevated pace of acquisition activity," he added. "Our acquisition of American Disposal in the fourth quarter brought total annualized acquired revenue to more than $360 million for the year, with rollover revenue contribution of approximately $200 million in 2019. Along with continued strong pricing growth, this already positions us for high single-digit revenue growth and another 30 basis points adjusted EBITDA margin expansion in 2019, with any growth in solid waste volumes, E&P waste activity or additional acquisitions providing further upside. We have increased adjusted free cash flow per share at a compounded rate of more than 15 percent per year over the past several years and expect continuing double-digit per share growth in the upcoming year. Our strong financial profile continues to afford the flexibility to fund outsized acquisition activity, an increasing cash dividend and opportunistic share repurchases."

    Mittelstaedt was not on the call with investors due to a family medical emergency. Waste Connections President Worthing Jackman filled in during the February 14 call. 

    Here are some of the company's Q4 2018 highlights:

  • Revenue in the fourth quarter totaled $1.262 billion, up from $1.157 billion in the prior year period. Operating income, which included $14 million of impairments and other operating items and $2.8 million of acquisition-related costs, was $200 million. This compares to $175 million in the prior year period, which included $15.2 million of impairments and other operating items and $7 million of acquisition-related costs.
  • Net income attributable to Waste Connections in the fourth quarter was $132.5 million, or $0.50 per share on a diluted basis of 264.5 million shares. In the prior year period, the company reported $315.1 million, or $1.19 per share on a diluted basis of 264.6 million shares; this included a $209.4 million benefit to the income tax provision primarily resulting from enactment of the Tax Cuts and Jobs Act of 2017.
  • Adjusted net income attributable to Waste Connections in the fourth quarter was $166.2 million, or $0.63 per share, versus $137 million, or $0.52 per share, in the prior year period. Adjusted EBITDA in the fourth quarter was $397.2 million, as compared to adjusted EBITDA of $360.7 million in the prior year period.
  • Full year 2018 highlights include:

  • For the year ending December 31, 2018, revenue was $4.923 billion, as compared to revenue of $4.630 billion in 2017. Operating income, which included $40.7 million of impairments and other operating items, fair value accounting changes to certain equity awards and other acquisition-related costs, was $832.2 million. This compares to operating income of $627.1 million in the prior year, which included $189.2 million of expenses primarily related to both goodwill impairment against the company's E&P segment resulting from the early adoption of Financial Accounting Standards Board's recent accounting pronouncement simplifying the test for goodwill impairment, and impairments and other operating items mostly related to the divestiture or expected divestiture of certain assets acquired in the Progressive Waste acquisition.
  • Net income attributable to Waste Connections in 2018 was $546.9 million, or $2.07 per share on a diluted basis of 264.4 million shares. In 2017, the company reported net income attributable to Waste Connections of $576.8 million, or $2.18 per share on a diluted basis of 264.3 million shares; this included a $205.6 million benefit to the income tax provision primarily related to the Tax Act.
  • Adjusted net income attributable to Waste Connections in 2018 was $667.3 million, or $2.52 per share, compared to $570.7 million, or $2.16 per share, in the prior year.  Adjusted EBITDA of $1.566 billion, or 31.8 percent of revenue, was up 7.3 percent and 30 basis points year-over-year. That is compared to $1.461 billion in the prior year. Net cash provided by operating activities were $1.411 billion, up 18.9 percent. Adjusted free cash flow was $879.9 million, or 17.9 percent of revenue, up 15.2 percent.
  • 2019 Outlook:

  • The company expects revenue of approximately $5.31 billion, excluding additional acquisitions, with remaining shedding of poor-quality revenue, primarily due to the City of New York Department of Sanitation (DSNY) marine terminal operations contract with a third party. Underlying volumes are expected to be essentially flat, said the company's CFO Mary Anne Whitney during the call with investors.
  • Outlook for Q1 2019: Revenue is estimated to be approximately $1.24 billion. "We expect pricing growth for solid waste to be in the range of 4.5 percent to 5 percent in Q1, with volume at about negative 1 percent, in part, due to the purposeful shedding from the impact of the City of New York Department of Sanitation's marine terminal operations contract and additional impact from severe winter weather conditions," Whitney explained during the call.
  • Waste Connections expects an adjusted EBITDA margin expansion of 30 basis points year-over-year.
  • Expected net cash provided by operating activities of approximately $1.525 billion and double-digit adjusted free cash flow per share growth.
  • Net income attributable to Waste Connections is estimated at approximately $636 million.
  • Adjusted EBITDA is estimated at approximately $1.705 billion, or about 32.1 percent of revenue.
  • Adjusted free cash flow is estimated to be approximately $950 million, or 17.9 percent of revenue. Impact from proposed regulations has already been considered.
  • "Late in December 2018, the IRS released proposed regulations associated with the Tax Act that we believe, if finalized, could impact our current tax rate of 21.5 percent," said Whitney. "We estimate that our resulting estimated tax rate for 2019 could range between 21.5 percent and 26.5 percent range. The proposed regs are not expected to be finalized until about June. That timing will impact our effective tax rate from quarter to quarter."
  • "2018 was a truly remarkable year considering the challenges that we overcame and the results we delivered to drive our 15th consecutive year of positive shareholder returns," noted Jackman during the call. "Completing another outsized year of acquisitions, overcoming the headwinds of recycling, certain cost pressures and lower margin acquisitions to drive reported margin expansion for reducing the frequency of safety-related incidents would be noteworthy in any environment, but even more so when faced with constraints of low unemployment in many markets. These accomplishments would not have been possible without the tireless efforts of our over 16,000 dedicated employees."

    "Given the headwinds that we were able to overcome in 2018, we appreciate the greater visibility we have coming into 2019," added Jackman. "High single-digit revenue growth is already in place, adjusted EBITDA margin expansion and another year of targeted double-digit adjusted free cash flow growth."

    Waste Management Sees Record-setting Growth for 2018

    During its call with investors, Houston-based Waste Management reported revenues for the fourth quarter of 2018 were $3.84 billion, compared with $3.65 billion for the same 2017 period.

    "At this time last year, I was telling you that 2017 was arguably the best year we've seen," said Jim Fish, president and CEO of Waste Management, during the call. "I am pleased to report that the 2018 results were even better. For the year, our business grew operating EBITDA, which is the best reflection of the health of our business. We grew operating EBITDA by more than 5 percent despite the worst recycling headwinds we've seen in over a decade."

    Net income for Q4 2018 was $531 million, or $1.24 per diluted share, compared with net income of $903 million, or $2.06 per diluted share, for the fourth quarter of 2017. On an adjusted basis, earnings per diluted share were $1.13 for the fourth quarter of 2018, compared with $0.85 for the fourth quarter of 2017.

    For the full year 2018, the company reported revenues of $14.91 billion, compared with $14.49 billion for 2017. Earnings per diluted share were $4.45 for the full year 2018, compared with $4.41 for the full year 2017. On an adjusted basis, earnings per diluted share were $4.20 for the full year 2018, versus $3.22 for the full year 2017.

    "2018 was a record-setting year for Waste Management, driven by our traditional solid waste performance," said Fish in a statement. "We grew operating EBITDA by more than 5 percent, which led to an increase in net cash provided by operations of more than 12 percent to $3.57 billion. This growth translated into free cash flow of over $2 billion and the most cash returned to our shareholders in over a decade. Our strong 2018 results validate that our focus on outstanding customer experience and cost management drives solid growth in our business."

    Here are the company's key highlights for Q4 and the full year 2018:

  • Operating EBITDA was $1.14 billion for Q4 2018 and $4.27 billion for the full year. Adjusted operating EBITDA was $1.09 billion for Q4 2018 and $4.22 billion for the full year. On a year-over-year basis, adjusted operating EBITDA grew $73 million, or 7.2 percent, in the fourth quarter and $210 million, or 5.2 percent, for the year. Adjusted operating EBITDA margin improved 50 basis points in the fourth quarter and 60 basis points for the full year.
  • In the fourth quarter, revenue growth was driven by strong yield and volume growth in the company's collection and disposal business, which contributed $203 million of incremental revenue on a year-over-year basis. Revenue from the company's recycling business increased $18 million in Q4 2018. For the full year, yield and volume growth in the company's collection and disposal business contributed $693 million of incremental revenue. This was partially offset by a decline in revenue from the company's recycling business, which fell by $197 million year-over-year, due to lower market prices for commodities net of contamination fees.
  • Core price was 5.6 percent in Q4 2018, compared to 4.8 percent in Q4 2017. For the full year, core price was 5.3 percent, compared to 4.8 percent in 2017.
  • Internal revenue growth from yield for collection and disposal operations was 2.3 percent for both the fourth quarter and the full year, compared with 2.2 percent in Q4 2017 and 2 percent for the full year 2017.
  • Traditional solid waste internal revenue growth from volume was 3.1 percent in Q4 2018, or 2.4 percent, on a workday-adjusted basis. Total company internal revenue growth from volume, which includes recycling and other businesses, was 4.7 percent in the fourth quarter, or 4 percent on a workday adjusted basis. For the full year 2018, traditional solid waste internal revenue growth from volume was 2.9 percent and total company volume was 3.3 percent.
  • Operating EBITDA in the company's recycling line of business improved modestly when comparing Q4 2018 with the prior year period as the company executed on its contamination fee strategy. For the full year, operating EBITDA in the company's recycling line of business declined nearly $90 million when compared to the full year 2017.
  • Waste Management focused on managing SG&A to reduce costs as a percentage of revenue to below 10 percent for the first time since 2005. As a percent of revenue, SG&A expenses were 9.6 percent in Q4 2018, compared to 10.1 percent in Q4 2017. For the full year, as a percentage of revenue, SG&A expenses were 9.7 percent, compared to 10.1 percent for the full year 2017.
  • Net cash provided by operating activities was $912 million in the fourth quarter compared to $792 million in the fourth quarter of 2017. For the full year, net cash provided by operating activities was $3.57 billion, compared to $3.18 billion for the full year of 2017. The increase in operating cash flow for the quarter and the year reflects the benefits of strong operating income growth and lower cash taxes, which were partially offset by the payment of approximately $65 million in bonuses to the company's front-line employees.
  • Capital expenditures were $454 million in the fourth quarter, compared to $528 million in Q4 2017. For the full year, capital expenditures were $1.69 billion, compared to $1.51 billion for the full year of 2017. The year-over-year increase was in line with expectations as the company invested a significant portion of its tax savings in facility improvements, natural gas fueling infrastructure and expanding its natural gas fleet.
  • Free cash flow was $560 million, including $102 million in asset sales, in the fourth quarter, compared to $344 million, including $80 million in asset sales, in Q4 2017. For the full year, free cash flow was $2.08 billion, including $208 million in asset sales, compared to $1.77 billion, including $99 million in asset sales, for the full year of 2017.
  • The company returned $451 million to shareholders in the fourth quarter comprising $197 million in dividends and $254 million in share repurchases. For the full year, the company returned $1.8 billion to shareholders comprising $802 million in dividends and $1 billion in share repurchases.
  • Waste Management spent $466 million on acquisitions of solid waste businesses during 2018, $118 million of which was spent in the fourth quarter.
  • The company's effective tax rate for Q4 2018 was 19.3 percent. On an adjusted basis, the tax rate was 21.5 percent. For the full year, the company's effective tax rate was 19 percent. On an adjusted basis, the tax rate was 22.1 percent.
  • 2019 Outlook:

  • Adjusted operating EBITDA is expected to grow $185 million to $235 million to between $4.40 billion and $4.45 billion for the full year.
  • Adjusted earnings per diluted share for 2019 is expected to be between $4.28 and $4.38.
  • Core price is expected to be greater than 4 percent for 2019. Internal revenue growth from yield on the collection and disposal business is expected to be greater than 2 percent. Internal revenue growth from volume is expected to be around 2 percent.
  • Free cash flow for 2019 is projected to be between $2.025 billion and $2.075 billion.
  • Capital expenditures are expected to be in the range of $1.65 billion to $1.75 billion, with proceeds from asset sales projected to be $50 million to $100 million.
  • The Board of Directors has indicated its intention to increase the dividend by $0.19, or 10.2 percent, to $2.05 per share on an annual basis, for an approximate annual cost of $870 million.
  • In 2019, the company expects another year of above average merger and acquisition activity, noted Fish during the call with investors.
  • The company expects its full-year adjusted effective tax rate to be approximately 24 percent—about two percentage points higher than what the company saw in 2018, noted CFO Devina Rankin during the call.
  • "We expect strong growth trend to continue into 2019 through investments in people, fleet and technology," explained Chief Operating Officer John Morris during the call. "Last year, we invested a portion of our tax savings into our employees, and this year, in addition to continuing to updating our fleet, we will continue to invest in our employees through wage increases, facility improvements and additional driver training facility, which will open in the first half of this year. By the end of 2019, we expect to have over 60 percent of our routed vehicles running on natural gas, and we know there is a significant maintenance savings with natural gas compared with diesel trucks as they age."

    "Turning to recycling, we performed well in the fourth quarter with continued focus on improving operating costs and successfully battling contamination," he added. "In 2019, we will continue to invest in the MRF [materials recovery facility] of the future and further improve operating costs and optimizing plans to meet our customer requirements."

    Rankin noted that the company's fourth quarter results were in many ways the strongest Waste Management saw all year, "allowing us to close out 2018 on a strong note in which we either met or exceeded all our expectations," she said.

    She explained that the top two financial priorities are growing operating EBITDA and leveraging that growth to convert more earnings of free cash flow. In 2018, she noted, the company delivered on each of those priorities.

    "The health of our business is best demonstrated by the strong 2018 operating EBITDA performance generated by our hardworking employees," said Fish in a statement. "We expect equally strong operating EBITDA growth again in 2019. We will continue to make investments in our employees, in technology and in capital equipment this year to further grow our business, improve customer service and generate strong returns. We are confident that these investments will position us well for 2019 and into the future."

    continue reading Waste Connections, Waste Management Deliver Q4 Results, 2019 Outlook

    quinta-feira, 14 de fevereiro de 2019

    Garbage management: Is selling waste to energy plans a feasible option?

    Urban India currently produces around 1.5 lakh tonnes of municipal solid waste (MSW) every day. Of this, only about 25% is processed, i.e, recycled, composted or converted into biogas or electricity. The remainder finds its way into dump sites or is burned in open areas. Because of increasing population and affluence, MSW generation is estimated to reach a staggering 4.5 lakh tonnes per day by 2030. How will our cities manage this gargantuan amount of waste, considering that they struggle to manage even the current quantities?

    The go-to answer for city planners and policymakers is to burn MSW in waste-to-energy (WTE) plants. The logic put forth to support this technology is that instead of spending time and resources in segregating waste, the best way is to collect unsegregated waste and process them in WTE plants using incineration, pyrolysis or plasma heating to produce electricity or oil. Companies are offering this as a miracle solution to cities across the country. The government seems to have bought this logic as well and has big plans to set up WTE plants. For instance, Niti Aayog has, under the Swachh Bharat Mission, set a target of constructing 800 megawatt (MW) of WTE plants by 2018?19, which is ten times the capacity of all the existing WTE plants put together. It also proposes setting up a Waste-to-Energy Corporation of India, which would construct incineration plants through PPP models. Currently, there are 40-odd WTE plants at various stages of construction.

    To meet these targets, several subsidies are given to WTE plants. The ministry of new and renewable energy (MNRE) offers financial incentives by way of interest subsidy to reduce the rate of interest to 7.5%. In addition, financial incentives are provided to urban local bodies (ULBs) for supplying garbage free of cost at the project site and for providing land at a nominal rent. There are also incentives for preparing feasibility reports and for promotion, coordination and monitoring of projects. Concessional custom duty is imposed on imported parts. All put together, these subsidies/incentives take care of about 40% of the project cost.

    Despite all these plans and subsidies, the big questions for the country are: How feasible are these plants and will they solve our waste problems?

    WTE is not a new technology. The first WTE plant came up in Timarpur in Delhi in 1987. It was designed to incinerate 300 tonnes of waste per day (TPD). But it failed and was shut down soon after. Since then, 14 more WTE plants of 130 MW capacity have been installed in the country. Out of these, seven plants with capacity of 66 MW are closed and the remaining seven plants are operational. So, half of all the WTE plants constructed have closed down. The remaining plants are also under scrutiny for environmental violations. In fact, citizen movements against WTE plants are rising. For example, there have been continual protests against the Okhla WTE plant in Delhi for polluting the environment. In 2016, the National Green Tribunal (NGT) slapped an environmental compensation fine of  Rs 25 lakh on this plant.

    Also Read: SAARC countries cooperating on energy could yield economic benefits for all nations

    So, why are WTE plants not working in India when they are doing reasonably well in developed countries like Germany and Sweden? In fact, Sweden buys waste from other European countries to burn it in its WTE plants. The fundamental factor is the quality and composition of waste. MSW in India has low calorific value and high moisture content. As most of the waste is unsegregated, it also has high content of inert materials like soil, sand, grit, etc. This waste is not suitable for burning in WTE plants. To burn it, additional fuel is required, which increases the cost of operations as well as pollution. This has been the main reason why WTE plants in Kanpur, Bengaluru, Hyderabad, Lucknow, Vijayawada, Karimnagar, etc., had to be closed down.

    The second reason for WTE plants not working well in India is the economics of these plants. Despite all the subsidies, the electricity produced from WTE plants is the most expensive. Compared to Rs 3-4 per kWh from coal and solar plants, WTE plants sell electricity at about Rs 7/kWh. Discoms are not interested in buying such expensive electricity when cheaper electricity is available. In fact, if subsidies are removed, the electricity produced from these plants will simply not be affordable.

    The third reason is the environmental and health impacts of WTE plants. Experiences across the country indicate that these plants are not able to meet environmental norms. The reason again seems to be the highly variable and poor quality of waste which the plants are not able to burn properly. As they have to handle vast quantities of mixed waste, the housekeeping is extremely challenging, leading to odour and visual pollution. This has led to the NIMBY (not in my backyard) syndrome. People do not want smelly and polluting plants near their homes. In addition, WTE plants have to reject about 30-40% of the waste?which they dump into landfills?because it is either inert or of too poor quality to be combustible. So, WTE plants do not eliminate the need for landfills, though they reduce the quantity of waste sent there.

    a group of people sitting on a rock © image

    In sum, the reason why WTE plants don?t work in India is because the type of waste we are planning to feed?mixed waste?is unsuitable for this technology. But this doesn?t mean that there is no case for WTE plants in India. There is, but it is not for burning mixed waste. The Solid Waste Management Rules, 2016, spell out clearly that only segregated non-recyclable high-calorific fractions like used rubber tyres, multilayer plastics, discarded textile and paper, etc., are sent to WTE plants. Of the 1.5 lakh tonnes of MSW generated every day, only about 15% can be classified as non-biodegradable, non-recyclable, high-calorific-value waste. This translates into about 25,000 TPD of waste which can be fed to the WTE plant. But the total waste treatment capacity for 40-odd under-construction and proposed WTE plants is over 30,000 TPD. The question we need to ask policymakers and planners is: Where is the waste to burn in WTE plants?

    As our population and economy grows, so will our waste. There is clearly a need for different technologies to manage different fractions of waste. WTE plants have a role, but not in the way our planners are envisaging. They should be the last resort to manage high-calorific-value waste that cannot be managed by other technologies. They must, in addition, be operated with the most advanced technologies to contain pollution. Otherwise, we will be creating landfills in the sky instead of on land.

    (Deputy director general of Centre of Science and Environment. Twitter: Bh_Chandra)

    continue reading Garbage management: Is selling waste to energy plans a feasible option?

    quarta-feira, 13 de fevereiro de 2019

    'Ipswich can feel proud of waste': MP's sensational call

    A WASTE levy will create a recycling and resource-recovery industry "Ipswich can be proud of", the city's MP has declared.

    Member for Ipswich Jennifer Howard sensationally told parliament yesterday evening the city could become the centre of a thriving recycling and waste sector.

    "An industry Ipswich can feel proud of," she said.

    Ms Howard appeared to be referring to waste company Remondis's plans for a $400million incinerator at Swanbank.

    "Southeast Queensland's landfill capacity is being rapidly consumed," she added.

    The Opposition claims the levy is a "tax grab" and will do little to stop interstate waste dumping.

    The LNP's Member for Scenic Rim Jon Krause said the state should "stop fooling around" and make an effort for Ipswich residents

    Mr Krause unloaded on the government in parliament and declared it should step up and "stop the dumping on Ipswich".

    "They have the power, it's there in the planning act," he said of the state.

    Mr Krause said two dump applications in Ipswich proved the looming levy was not scaring companies.

    "This waste levy is having no impact on dumps and interstate waste," he said.

    "Has the prospect of a waste tax deterred these dump companies... no."

    A draft strategy the government says "paves the way towards better waste management in Queensland" is available for viewing at www.qld.gov.au/wastestrategy.

    Consultation closes April 15.

    continue reading 'Ipswich can feel proud of waste': MP's sensational call

    2019 Mining Waste Management market research report focusing on prime players by size, shares, global industry analysis and 2025 forecast

    The Global Mining Waste Management Market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2019-2025.

    This report focuses on the global Mining Waste Management status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mining Waste Management development in United States, Europe and China.

    Interwaste Holdings Ltd.

    (South Africa)

    Veolia Environnement (France)

    Golder Associates (Canada)

    Hatch Ltd. (Canada)

    Teck (Canada)

    Tetra Tech, Inc. (US)

    Request an Exclusive Sample Report @ www.supplydemandmarketresearch.com…code=SDMRSE131222

    Toxfree Solutions Ltd. (Australia)

    Tetronics International (UK)

    Aevitas (Canada)

    Global Mining Solutions (Canada)

    Zeal Environmental Technologies Ltd. (Ghana)

    Ramboll Group (Denmark)

    Mining Waste Management Market segment by Type, the product can be split into

    Surface

    Underground

    Mining Waste Management Market segment by Application, split into

    Thermal Coal

    Coking Coal

    Iron Ore

    Gold

    Copper

    Nickel

    Lead

    Zinc

    Bauxite

    Mining Waste Management Market segment by Regions/Countries, this report covers

    United States

    Europe

    China

    Japan

    Southeast Asia

    India

    Central & South America

    Browse Complete Report Details @ www.supplydemandmarketresearch.com…code=SDMRSE131222

    The study objectives of this report are:

    To analyze global Mining Waste Management status, future forecast, growth opportunity, key market and key players.

    To present the Mining Waste Management development in United States, Europe and China.

    To strategically profile the key players and comprehensively analyze their development plan and strategies.

    To define, describe and forecast the market by product type, market and key regions.

    In this study, the years considered to estimate the market size of Mining Waste Management are as follows:

    History Year: 2014-2018

    Base Year: 2018

    Estimated Year: 2019

    Forecast Year 2019 to 2025

    For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

    This email address is being protected from spambots. You need JavaScript enabled to view it.

    continue reading 2019 Mining Waste Management market research report focusing on prime players by size, shares, global industry analysis and 2025 forecast

    terça-feira, 12 de fevereiro de 2019

    segunda-feira, 11 de fevereiro de 2019

    Waste Management (WM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    Wall Street expects a year-over-year increase in earnings on higher revenues when Waste Management (WM - Free Report) reports results for the quarter ended December 2018. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

    The earnings report, which is expected to be released on February 14, 2019, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

    While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

    Zacks Consensus Estimate

    This garbage and recycling hauler is expected to post quarterly earnings of $1.07 per share in its upcoming report, which represents a year-over-year change of +25.9%.

    Revenues are expected to be $3.79 billion, up 3.7% from the year-ago quarter.

    Estimate Revisions Trend

    The consensus EPS estimate for the quarter has been revised 3.1% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

    Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

    Price, Consensus and EPS Surprise

    Earnings Whisper

    Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

    The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

    Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

    A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

    Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

    How Have the Numbers Shaped Up for Waste Management?

    For Waste Management, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

    On the other hand, the stock currently carries a Zacks Rank of #3.

    So, this combination makes it difficult to conclusively predict that Waste Management will beat the consensus EPS estimate.

    Does Earnings Surprise History Hold Any Clue?

    While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

    For the last reported quarter, it was expected that Waste Management would post earnings of $1.10 per share when it actually produced earnings of $1.15, delivering a surprise of +4.55%.

    Over the last four quarters, the company has beaten consensus EPS estimates three times.

    Bottom Line

    An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

    That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

    Waste Management doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

    continue reading Waste Management (WM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    Medical Waste Management Market is Determined to Grow US$ 22.50 Billion by 2024

    Feb 08, 2019 (Heraldkeeper via COMTEX) -- New York, February 08, 2019: The Global Medical Waste Management Market is expected to exceed more than US$ 22.50 Billion by 2024; Growing at a CAGR of more than 4.5% in the given forecast period.

    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Waste Management, Inc., Stericycle, Inc., Inc., Remondis Medison GmbH, Inc., BioMedical Waste Solutions, LLC, Daniels Sharpsmart, Inc., Suez Environnement S.A., Sharps Compliance, Clean Harbors and other Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

    You Can Browse Full Research Report @: https://www.marketresearchengine.com/reportdetails/medical-waste-management-market

    Medical waste management is the need of the day for the betterment of clean and healthy environment. The rise in global health care industry is also increasing the medical waste in huge quantities, thus global medical waste management is vital for any society.

    Medical waste is the waste generated from hospitals, clinics, dental hospitals, veterinary hospitals, blood banks, and medical research institutes, laboratories .The waste may be generated during various treatments and surgeries, it may be generated during test, production or any biological research. Medical waste does not confine to used syringes and other surgical instruments but all the processes, testing and production of various biological operations.

    The scope of the report includes a detailed study of global and regional markets on Global Medical Waste Management Market with the reasons given for variations in the growth of the industry in certain regions.

    This report provides:

    1) An overview of the global market for Global Medical Waste Management Market and related technologies.2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.3) Identifications of new market opportunities and targeted promotional plans for Global Medical Waste Management Market.4) Discussion of research and development, and the demand for new products and new applications.5) Comprehensive company profiles of major players in the industry.

    The major driving factors of Global Medical Waste Management Market are as follows:

    ? Growing of government and non government hospitals? Rapid urbanization is also one of the causes? Factors such as growing number of aging population, increase of chronic disease? Increase in awareness about medical waste in developing countries? Government rules and regulation towards waste management

    The restraining factors of Global Medical Waste Management Market are as follows:

    ? Lack of awareness of medical waste and their impacts on humans and environment? Inadequate funds to manage medical waste? Insufficient knowledge to dispose medical waste

    The Global Medical Waste Management Market has been segmented as below:

    The Global Medical Waste Management Market is Segmented on the lines of Services Analysis, Treatment Analysis, Type Analysis and Regional Analysis. By Services Analysis this market is segmented on the basis of Collection, Disposal and Processing. By Treatment Analysis this market is segmented on the basis of Chemical, Incineration and Others.

    By Type Analysis this market is segmented on the basis of Non Hazardous and Hazardous. By Regional Analysis this market is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World.

    Request Sample Report from here: https://www.marketresearchengine.com/reportdetails/medical-waste-management-market

    Table of Contents

    1 INTRODUCTION

    2 Research Methodology

    2.1 Market Size Estimation2.2 Market Breakdown and Data Triangulation2.3 Market Share Estimation2.4 Key Data From Secondary Sources2.5 Key Data From Primary Sources2.6 Key Industry Insights2.7 Assumptions for the Study

    3 Executive Summary

    4 Premium Insights

    5 Market Overview

    6 Industry Insights

    7 Medical Waste Management Market, By Type of Waste

    8 Medical Waste Management Market, By Service Type

    9 Medical Waste Management Market, By Treatment Type

    10 Medical Waste Management Market, By Treatment Site

    11 Medical Waste Management Market, By Region

    12 Competitive Landscape

    13 Company Profiles

    13.1 Introduction

    13.2 Stericycle, Inc

    13.3 Suez Environnement S.A.

    13.4 Veolia Environnement S.A.

    13.5 Clean Harbors, Inc.

    13.6 Republic Services, Inc.

    13.7 Biomedical Waste Solutions, Llc.

    13.8 Remondis Medison (A Subsidiary of Remondis Ag & Co.Kg)

    13.9 Sharps Compliance, Inc.

    13.10 Waste Management, Inc.

    13.11 Daniels Sharpsmart Inc.

    Other Related Market Research Reports:

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    Medical Tourism Market is Projected to Reach US$ 54.00 Billion by 2022

    Media Contact

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    Contact Person: John Bay

    Email: john@marketresearchengine.com

    Phone: +1-855-984-1862

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    continue reading Medical Waste Management Market is Determined to Grow US$ 22.50 Billion by 2024

    sábado, 9 de fevereiro de 2019

    City's waste management policy being updated

    a group of people sitting at a beach: File picture: Henk Kruger/African News Agency (ANA) © Provided by Independent Media File picture: Henk Kruger/African News Agency (ANA)

    In response to Councillor Cassim's letter on February 4:

    It is surprising that Cllr Cassim felt that my response to his council motion pertaining to waste minimisation and diversion from landfill was obtuse and "smug".

    I wholeheartedly agree that such efforts are of great importance and I thanked him for his evidently active interest in the subject.

    I also communicated that while there is currently a diverse range of waste diversion programmes and services offered by the city, some of which I will highlight below, that the Integrated Waste Management Policy is currently being updated, and the identification of further waste diversion opportunities form a key component of the objectives.

    When the updated Integrated Waste Management Policy is released for public participation, his input on it would be welcome.

    (News in pictures)

    The city is encouraging waste diversion from landfill through a range of services and programmes, and I urge residents to visit the city's website for more information on these, including but not limited to:

    – 26 drop-off facilities, at which residents can drop off up to three bakkie loads of garden waste or builders' rubble per day, free of charge. Recyclable and re-usable materials received at these facilities are recovered by contracted entrepreneurs.

    – The Think Twice kerbside recycling collection programme, the reach of which is earmarked for extension.

    – Garden waste chipping, which is composted at private composting facilities around the city.

    – Builders' rubble that is, where appropriate, crushed for re-use and linked to the current builders' rubble markets.

    – Partnerships with certain buy-back centres, where residents and businesses can exchange their recyclables for cash in certain areas.

    – Integrated Waste Exchange (Iwex) is a free online system that allows businesses, schools, organisations or individuals to exchange their waste with one another.

    – Free "Industrial Symbiosis" programme available to businesses and industries in Cape Town, known as Wisp (Western Cape Industrial Symbiosis Programme) and managed by GreenCape.

    The city is working directly with packaging and recycling industry bodies, supporting SMME (small, medium and micro enterprise) development in the recycling space, and entering into partnerships with non-profit organisations to help drive widespread adoption of economically viable green economy solutions.

    These interventions, and others, are supported by the city's waste awareness and education programmes.

    There is also ongoing research being carried out by the Solid Waste Management Department, and I look forward to sharing new initiatives and developments with the public in due course.

    Councillor Xanthea Limberg

    Mayoral committee members for water and waste

    City of Cape Town

    Cape Times

    continue reading City's waste management policy being updated

    sexta-feira, 8 de fevereiro de 2019

    How Millennials Should Run a Waste Management Business? Here're Some Ways

    Regulating the waste is a jostling task for the regime, so its time for young millennials to become a helping hand

    February 6, 2019 4 min read

    Opinions expressed by Entrepreneur contributors are their own.

    You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

    As time progresses, new developments take place easing the human efforts and making life easier. With the changing ecosystem, inhabitants tend to overlook a few aspects of the life and contribute to damage unknowingly. In the steady lifestyle, inhabitants of the planet generate tons of waste. It takes days and months to form a large chunk of garbage which ultimately gets disposed at the city's garbage point. This scenario is ordinary in various countries, including India.  The accumulation of the waste precipitates major problems and ailments in surrounding regions.

    In a report, Columbia University states that waste generation rate in the Indian cities ranges between 200 - 870 grams/day, depending upon the region's lifestyle and the size of the city. The per capita waste generation is increasing by about 1.3 per cent per year in India. The rate of waste generation in the country is considerably higher than other developed nations. Thus, regulating the waste becomes a jostling task for the regime and other government-led programs. In this pursuit, if young millennials take part then oodles of problems can be resolved.

    Today, millennials can choose any waste management business in accord with their interest and feasibility as, like other industries, the waste management industry is wide in itself. It incorporates various types of waste management business such as medical waste management, food waste management, commercial waste management, E-waste and green waste. Reflecting on the profitability, a waste management business is highly lucrative and comprises lesser competitors.

    Focus On Three Cruxes To Set Up A Waste Management Business

    Prior to initiating a waste management business, the entrepreneur-to-be should know the fundamentals and underpinning. In essence, every waste management business has three segments—Collection, Segregation and Value Generation. All waste management business models revolve around these segments and thus, become co-relating elements. While beginning the business, the entrepreneur-to-be should work on another three strands so as to reinforce the business in the course.

    1.     Choose A Field In The Industry

    Since the waste management business is diverse, it is recommended choosing a particular field in the industry. Offering varied kinds of waste management services to customers becomes intimidating; thus, choose one particular niche for operation. Arpita Khadria, who is running Wastexpert, a food waste management business, says, "Food waste management is a big mountain to climb for all of us as citizens and businesses. By focusing on this business model, the company tries to reduce organic waste that gets added to landfills. At present, 60-70 per cent of the waste generated in India goes to landfills. So, there is a longer pitch for going green and recycling the food waste."

    Thus, to select a distinct business type, it is imperative to scrutinize the market, pick an idea, gauge scope of the chosen business and kick-start the business.             

    2.    Employ The Right Technology

    In the advancing time, technology plays a critical role in making the business operations quicker and faster. From tracking the truck fleet to managing inventory, technology is employed in almost every domain. Niveda, a co-founder of TrashCon, says, " technology is imperative to recycle the accumulated waste in the landfill site. With the use of technology, an entrepreneur can help 20,000 people and further, help reuse five tons of accumulated waste on a daily basis. Thus, waste segregation, which is considered an exhausting activity, now does not require manual labour as the intrusion of automated machines has eased the task.

    So, the entrepreneur-to-be should utilize the technology and quicken the operations in the business.     

    3.    Managing The Cost Is Crucial

    Similar to other industries, finance is the backbone of the waste management business. To maintain financial soundness of the business, the entrepreneurs should keep an eye on the overhead costs and try strategies to cut the cost. Shaila, director of Rashi E-waste Solutions Private Limited, says, "As per any industry is concerned, regulating the cost is significant for entrepreneurs or else, the business will be toppled soon in the race. In order to regulate cost, the entrepreneur should either increment sales to generate revenue or increase profit. There are extensive strategies to reduce the costs in every particular niche, the entrepreneurs need to be keen-eyed to recognize it." Thus, before taking up the entrepreneur role, young millennials should apprehend the chosen business model and examine the model aptly to keep it afloat.

    Millennials should concentrate on these underpinnings to construct a burgeoning waste management business. 

    This article was originally published by Jaspreet Kaur.  

    continue reading How Millennials Should Run a Waste Management Business? Here're Some Ways

    quarta-feira, 6 de fevereiro de 2019

    Bitcoin Binned: Cryptocurrencies Are Not Worth Recycling Says Waste Management Firm

    Not for the faint-hearted: recent Bitcoin pricesGetty

    Has it really come to this? Bitcoin investors, who have seen the currency slide by more than 80 per cent since the end of 2017 now cannot even spend the cryptocurrency on recycling their waste.

    BusinessWaste.co.uk, a British collection and disposal firm marketing itself under the slogan "the waste company that hates waste," says it is "reluctantly" no longer accepting Bitcoin and other cryptocurrencies as payment for its services.

    Back in 2017, the group claimed it was the first refuse and recycling business to accept virtual currencies as payment, saying it wanted to "give flexibility to customers in an increasingly digital age".

    Uncertainty and Unreliability

    Now it complains that the uncertainties of the market are making digital currencies an unreliable source of payment.

    "Cryptocurrencies have become much more mainstream in recent years, which is why we were happy to move with the times and accept these digital forms of money as payment," says communications director Mark Hall.

    "As a business we are dedicated to being thought leaders and innovating to provide the best service to our clients, and accepting internationally-recognised digital currencies was one way we could do that.

    "But, as with many emerging technologies, there are still wrinkles to be ironed out within the cryptocurrency market."

    Cryptocurrencies, such as Bitcoin, Ethereum and Litecoin, are not tied to a particular country's economy as with standard, or fiat, currency, making them much more volatile.

    In 2010, when Bitcoin made its first real-world transaction, one Bitcoin was worth less than £0.01.

    By December 2017, one Bitcoin was worth more than £15,000 – a fluctuation many times higher than a fiat currency would normally experience over a seven-year period.

    Following a fall in Bitcoin values, one Bitcoin is now worth more than £2,600, illustrating an intrinsic hazard of a payment method whose value works more like stocks and shares than traditional currency.

    Volatility

    Businesswaste.co.uk says such volatility increases the risks of accepting cryptocurrencies.

    It is also concerned about scam and fake cryptocurrencies, particularly as the "white papers" verifying their legitimacy are increasingly falling victim to forgery and fraud.

    "We're reluctant to pull the plug on cryptocurrencies for now, says Hall. "But we have to think about the implications for the business.

    "Market fluctuations and scams surrounding cryptocurrencies are, unfortunately, part of the current environment surrounding these digital forms of payment, and until this is no longer the case we will stick to fiat currency."

    In Defence Of Cryptocurrencies

    Devotees of cryotocurrencies are unmoved by the development.

    "Bitcoin fits very nicely into the philosophy of the Austrian economist Friedrich Hayek," says Yanislav Malahov, founder and chief executive of Aeternity, a Liechtenstein-based developer of financial tools for Blockchain and the self-styled "Godfather of Ethereum, the Switzerland-based crypto currency.

    "Hayek's philosophy is about not influencing the money supply and being in favour of self-regulating markets.

    "Bitcoin is very transparent and everybody knows how many tokens or coins exist and how many are traded for every block."

    BusinessWaste.co.uk's action is unlikely to halt the cryptocurrency revolution.

    Yet it is a timely reminder that innovations and the value ascribed to them by impatient stock markets rarely proceed in a linear path.

    For now, businesses wanting to recycle with this waste company will have to use other instruments in their e-wallets.

    continue reading Bitcoin Binned: Cryptocurrencies Are Not Worth Recycling Says Waste Management Firm

    Waste Management Phoenix Open 2019: Rickie Fowler Edges Branden Grace for Win

    Michael Reaves/Getty Images

    Two late birdies allowed Rickie Fowler to hang on for a two-shot victory over Branden Grace at the 2019 Waste Management Phoenix Open.

    Fowler started the day with a four-shot advantage over Matt Kuchar. His worst single-round score coming into Sunday was a 65. With such a comfortable margin of error, the California native had a lot of room to work with.

    Instead, Fowler gave two shots back with a double bogey on No. 5. He appeared to settle in with four straight pars and a birdie before things fell apart on No. 11. His triple bogey gave Grace an opening to briefly take the lead before settling for second place.

    Here's what the final leaderboard from TPC Scottsdale looked like, via PGATour.com:

    1. Rickie Fowler (-17)

    2. Branden Grace (-15)

    3. Justin Thomas (-14)

    T4. Matt Kuchar (-12)

    T4. Chez Reavie (-12)

    T4. Bubba Watson (-12)

    T7. Sungjae Im (-11)

    T7. Gary Woodland (-11)

    T7. Chris Stroud (-11)

    Here's what each of those nine players will make for their weekend of work, via Golf.com:

    1. Rickie Fowler $1.278 million

    2. Branden Grace $766,800

    3. Justin Thomas $482,800

    T4. Matt Kuchar $293,466

    T4. Chez Reavie $293,466

    T4. Bubba Watson $293,466

    T7. Sungjae Im $221,283

    T7. Gary Woodland $221,283

    T7. Chris Stroud $221,283

    The weather at TPC Scottsdale led to a lot of bad scores on Sunday. There was light rain throughout the day, and temperatures were in the mid-50s.

    Fowler's 74 was the worst final-round score by a winner on the PGA Tour in five years, per ESPN Stats & Info:

    Looking at the top of the leaderboard, Grace and Chez Reavie were the only players in the top four to finish Round 4 under par.

    Grace began the final round in fourth place at 13-under par, seven shots behind Fowler. His best stretch of the day included back-to-back birdies on No. 12 and 13 that gave him a one-shot lead.

    The tense back-and-forth battle for the top spot took a turn when Grace was on No. 17 and Fowler was on No. 15. It started with Fowler hitting his second birdie of the day to even things up. Grace responded by hitting his tee shot into the water:

    Grace took a bogey on the hole, dropping him one shot off the pace. He nearly put his tee shot on No. 18 into the bunker before settling for a par putt.

    Another birdie by Fowler on No. 17 gave him more than enough cushion on the final hole to earn his first win since the 2017 Honda Classic.

    There was some controversy on the 11th hole regarding Fowler's triple bogey. After he took a drop and went to examine the green, his ball rolled down the bank and back into the water, resulting in a one-stroke penalty:

    After being made aware he was being penalized, Fowler was clearly unhappy with the ruling:

    Fowler's late surge wound up making that moment seem insignificant, but for a time it looked like that was going to cost him a chance to win.

    Reavie was the biggest mover among players who finished in the top seven. His final-round score of 68 was tied for the second-lowest of the day. It elevated him eight spots into a tie for fourth place, his second top-five finish in five events this season.

    The victory is a huge step in the right direction for Fowler after having just six top-10 finishes in 20 tournaments last season. His final score on Sunday can be chalked up to the weather and a fluky incident on the 11th hole.

    As long as Fowler is able to consistently repeat what he did in the first three rounds, this may be the year he finally earns that elusive first victory in a major tournament.

    continue reading Waste Management Phoenix Open 2019: Rickie Fowler Edges Branden Grace for Win